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Purchasing IT and software services securities dealer not a VAT-exempt financial (brokerage) service

The District Court of Noord-Holland decides that the interested party, a securities trader, must declare reverse charge VAT on purchased services. The services provide a super-fast connection for fast trading on stock exchanges. According to the court, the services are technical services. The financial exemption does not apply because the services do not bring about financial and legal changes. There is also no mediation.

Source: taxlive.nl

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